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December 16, 2021

Court Decision Voids Crypto Mining Contracts in China, Shuts Down Bitcoin Farms

Court Decision Voids Crypto Mining Contracts in China, Shuts Down Bitcoin Farms – Mining Bitcoin News

[ad_1] A court in Beijing has ruled that three investment agreements for bitcoin mining operations in Sichuan are “invalid.” A compensation claim has been rejected in the case, viewed as an indication that the Chinese judiciary would not provide protection for crypto-related interests. Beijing Court Invalidates Bitcoin Mining Contracts The Chaoyang District People’s Court in […]

Upbit crypto exchange's blockchain sister firm raises $60M

Upbit crypto exchange’s blockchain sister firm raises $60M

[ad_1] Dunamu, the operator of major South Korean cryptocurrency exchange Upbit, is progressing with blockchain development as its blockchain arm Lambda256 secured new funding. According to a Dec. 15 announcement, Lambda256 raised 70 billion Korean won ($60 million) in a Series B round, valuing the company at over $300 million. The firm is focused on […]

spywolf

How Scary Is Decentralisation?

[ad_1] Cryptocurrency has been the center of attention since the beginning of the pandemic, even reaching the point where Google searches for Bitcoin out weighed the searches of COVID-19. At the same time, world-class scammers have taken note of the increased interest in the sector. With the growing popularity of the crypto and blockchain industries, […]